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Last Updated : Wed 22-May-2013 00:36 HKSAR (GMT +08:00)
One in four of Guangdong's industrial firms losing money
2012-07-30 01:14:00

BEIJING, July 30 (GCTL) - Almost a quarter of Guangdong's industrial companies are suffering losses - more evidence that the mainland's traditional export hubs are gradually losing their competitive edge in these tough economic times, due to rising labour costs and more competition from the inland provinces as well as the southern province's move to urge producers to transform into higher high and high value goods production.

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Category : Business & Financial News   Govts, Rules, Trade, Metals Gtr. China  

Tags : Guangdong, National Development and Reform Commission, labour costs, competition, Guangdong Furniture Chamber of Commerce, export hubs,

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